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Property profile & analytics
OFF-MARKET
Estimated value
$1,115,000
Retail space
401 Smyrna Sq Dr Smyrna, TN 37167-3000
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-1606300
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Total area
5,000 SF
Lot
0.91 ac (39,683 SF)
Zoning code
C-Z
APN
027P-D-001.07-000
UPID
US80-1606300
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Sherwin-Williams Paint Store Hardware & Home Improvement Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.12M
Owner & transaction history
Exchange Right Net Leased Portfolio · 4 yrs held
Exchange Right Net Leased Portfolio
since 2022
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
C-Z · Smyrna, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+83.5%
Auto repair, garage
$1.4M
+46.2%
Office building
$1.1M
+20.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Smyrna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Smyrna submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,150,000
ML approach
$1,190,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$925,000
Current use
COMMERCIAL (GENERAL)
$1,695,000
Change: +84% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,350,000
Change: +46% · Conversion: Difficult
OFFICE BUILDING
$1,105,000
Change: +20% · Conversion: Easy
MEDICAL BUILDING
$1,020,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$855,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$1.12M
Range $1.00M – $1.23M · ±10% · vs last sale $1.10M (May 25 2022)
Last sale anchor
$1.10M
May 25 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$223 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,201
Tax year 2023
Assessed value
$299,800
Assessed 2024
Previous assessed
$299,800
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$150,600
Assessed improvement
$149,200
Land market value
$376,500
Improvement market value
$373,000
Total market value
$749,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1999
Heating
ZONE
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
5,000 SF
Lot
0.91 ac (39,683 SF)
Zoning code
C-Z
APN
027P-D-001.07-000
UPID
US80-1606300
Jurisdiction
RUTHERFORD
Zoning & alternative use
C-Z · Smyrna, TN
Zoning C-Z · permitted uses
C-Z · Smyrna, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Smyrna. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$925,000
COMMERCIAL (GENERAL)
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$855,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Heating
ZONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.91 ac
Current owner
From public records · entity-resolved
Exchange Right Net Leased Portfolio
Individual
Mailing address
1055 E COLORADO BLVD STE #310, PASADENA, CA 91106-2374
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2022
—
Thomas Warren
—
Deed
related
$59,463,750 · Morgan Stanley Bank NA
May 25, 2022
$1,099,155
Exchange Right Net Leased Portfolio
Global Project Smyrna Sw LLC
Special Warranty Deed
—
Nov 12, 2021
—
Global Project Smyrna Sw LLC
Dashner Properties LLC Series 6
Quit Claim Deed
related
—
Nov 12, 2021
$780,000
Global Project Smyrna Sw LLC
Dashner Properties LLC Series 6
Special Warranty Deed
$585,000 · United Community Bank
Mar 30, 2021
—
Dashner Properties LLC
Jonathan Max Dashner
Intrafamily Transfer
related
—
Oct 19, 2020
—
Dashner,jonathan M Tr
R Thomas Dashner
Quit Claim Deed
related
—
Sep 7, 1993
$37,346
Thomas L Johnson
Unknown
Grant Deed
—
Sep 2, 1993
$37,346
Thomas L Johnson
Unknown,
Grant Deed
—
Oct 24, 1990
$88,000
Thomas L Johnson
Unknown,
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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